Want to upgrade from iMovie to FCE. What will be the difference?

I am currently working through hours of DV footage from my camcorder using my Macbook and iMovie. Although I have been pleased with the results I know now that I want to upgrade to both a better computer and to Final Cut Express. I have also been considering going the full way to Final Cut 2 but as this is a lot more money I am wondering whether the upgrade to FCE will be enough. What extra do you get with FCE over iMovie and what more will it allow me to do. I have been pretty amazed at how good iMovie is at a consumer level so would expect FCE to allow me to be even more creative but am not sure exactly how. Is the upgrade enough or would FC2 be a better option. I will not be needing to make broadcast or professional productions, just do a good job at a serious amateur level. I do not need to use a lot of effects but I do want to be able to add good soundtracks and transitions. The audio is an important part of my movies.
thanks

Brilliant..just what I wanted. Thanks. Looks like I will need to read up on some of the terminology to get a good idea of what each feature before buying but thats a great table.

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